The global Di-Ter-Butyl Phenol market stood at approximately 117 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 3.65% during the forecast period until 2034.
Di-tert-butylphenol (DTBP) boasts a versatile array of applications across various industries. Primarily recognized as an antioxidant, it plays a pivotal role in the rubber and polymer sectors, where it safeguards materials from degradation caused by exposure to oxygen and heat during processing and storage. Its effectiveness as a UV stabilizer further extends its utility, finding use in plastics, coatings, and adhesives to shield against the detrimental effects of ultraviolet radiation, thus preserving the integrity and appearance of these materials. Additionally, DTBP serves as a crucial intermediate in chemical synthesis, contributing to the production of pharmaceuticals, agrochemicals, and specialty chemicals. Its presence in industrial lubricants enhances lubrication properties, ensuring optimal performance of machinery and equipment. Moreover, DTBP occasionally functions as a fuel additive, enhancing combustion efficiency and reducing emissions. With its multifaceted capabilities, DTBP remains indispensable across diverse sectors, driving innovation and efficiency while ensuring the reliability and longevity of a wide range of products and materials.
The rising demand for antioxidants across diverse industries is a fundamental driver of market growth. Specifically, the growing adoption of Di-Ter-Butyl Phenol in the manufacturing of polymers and plastics, notably within sectors such as automotive and packaging, is a key contributor to this expansion. In these industries, where materials like rubbers and plastics are extensively utilized, Di-Ter-Butyl Phenol plays a pivotal role as an antioxidant, ensuring the longevity and performance of these materials. Its effectiveness in safeguarding against degradation caused by environmental factors like oxygen and heat is particularly crucial in enhancing the durability and reliability of rubber-based products, such as tires and seals. Thus, the increasing reliance on DTBP as an antioxidant in rubber and plastic manufacturing underscores its significance in driving market growth within these sectors. The global Di-Ter-Butyl Phenol market is likely to reach approximately 200 thousand tonnes in 2034.
The Asia Pacific region emerges as the primary consumer of Di-tert-butylphenol (DTBP), poised for significant market expansion. With a robust industrial landscape spanning manufacturing, automotive, packaging, and construction, DTBP finds extensive use as an antioxidant and UV stabilizer in various applications, ensuring product durability and performance. Economic development, urbanization, and rising disposable incomes drive consumer goods demand, further increasing DTBP utilization in packaging, household products, and automotive components. Stringent regulatory requirements and growing awareness of product quality and safety reinforce DTBP adoption. Additionally, the expanding pharmaceutical, food, and cosmetics industries contribute to rising DTBP demand as a preservative and intermediate. Furthermore, the presence of a robust manufacturing base for automotives and plastic consumer products in countries like China further strengthens the region's position as a major consumer. Overall, these factors collectively position the Asia Pacific region as the leading consumer of Di-Ter-Butyl Phenol globally.
Based on the end-use industry, the global Di-Ter-Butyl Phenol market is divided into Plastics & Rubber, Chemical Intermediate, Flavors & Fragrances, and Others. Among these industries, Plastics & Rubber is the dominating segment and held about 60% of the global Di-Ter-Butyl Phenol market in 2023.
Major players in the Global Di-Ter-Butyl Phenol market are SI Group, TASCO Group, Beijing Jiyi Chemical, Zibo Xujia Chemical, Dongying Kehong Chemical, Songwon, Oxiris, Anshan Wuhuan Chemical, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Di-Ter-Butyl Phenol which covers production, demand and supply of Di-Ter-Butyl Phenol market in the globe.
• To analyse and forecast the market size of Di-Ter-Butyl Phenol
• To classify and forecast Global Di-Ter-Butyl Phenol market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Di-Ter-Butyl Phenol market in the globe.
To extract data for Global Di-Ter-Butyl Phenol market, primary research surveys were conducted with Di-Ter-Butyl Phenol manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Di-Ter-Butyl Phenol market over the coming years.
ChemAnalyst calculated Di-Ter-Butyl Phenol demand across the globe by analyzing the volume of Di-Ter-Butyl Phenol consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Di-Ter-Butyl Phenol manufacturers and other stakeholders
• Organizations, forums and alliances related to Di-Ter-Butyl Phenol distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Di-Ter-Butyl Phenol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Di-Ter-Butyl Phenol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
135 thousand tonnes
Market size Volume in 2034
200 thousand tonnes
Growth Rate
CAGR of 3.65% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Plastics & Rubber, Chemical Intermediate, Flavors & Fragrances, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Osaka Gas Co. Ltd
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What was the net market size of Di-Ter-Butyl Phenol in terms of volume in 2023?
Ans:
The global market size of Di-Ter-Butyl Phenol has reached approximately 135 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Di-Ter-Butyl Phenol?
Ans:
Plastics & Rubber industry is the leading end-user industry of Di-Ter-Butyl Phenol globally.
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